Kalimba Foundation Nfp
Kalimba Foundation Nfp faces recurring deficits and increasing liabilities despite zero officer compensation.
EIN: 204550347 · Waukegan, IL · NTEE: P73 · Updated: 2026-03-28
Is Kalimba Foundation Nfp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kalimba Foundation Nfp directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kalimba Foundation Nfp
Kalimba Foundation Nfp (EIN: 204550347) is a nonprofit organization based in Waukegan, IL, classified under NTEE code P73. The organization reported total revenue of $588K and total assets of $210K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kalimba Foundation Nfp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Kalimba Foundation Nfp with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Kalimba Foundation Nfp allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that no salaries are paid to officers, which is highly commendable for an organization of its size with revenues fluctuating around $500,000 to $800,000.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Kalimba Foundation Nfp's IRS 990 filings:
- Recurring operational deficits (e.g., $718,241 expenses vs. $584,424 revenue in 2023)
- Liabilities ($307,013 in 2023) exceeding assets ($180,184 in 2023)
- Significant increase in liabilities over time (from $0 in 2018 to over $300,000 in 2023)
Strengths
The following positive indicators were identified for Kalimba Foundation Nfp:
- Zero officer compensation reported across all filings, indicating strong commitment to mission over executive pay.
- Consistent filing of IRS Form 990s, demonstrating transparency in reporting.
Frequently Asked Questions about Kalimba Foundation Nfp
Is Kalimba Foundation Nfp a legitimate charity?
Based on AI analysis of IRS 990 filings, Kalimba Foundation Nfp (EIN: 204550347) some concerns. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
How does Kalimba Foundation Nfp spend its money?
Kalimba Foundation Nfp directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Kalimba Foundation Nfp tax-deductible?
Kalimba Foundation Nfp is registered as a tax-exempt nonprofit (EIN: 204550347). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Kalimba Foundation Nfp financially stable?
Based on the filings, Kalimba Foundation Nfp shows signs of financial instability. In 2023, expenses ($718,241) significantly exceeded revenue ($584,424), and liabilities ($307,013) were greater than assets ($180,184). This trend of operational deficits and growing liabilities is a concern for long-term stability.
How does Kalimba Foundation Nfp manage its expenses?
The organization frequently spends more than it earns, as seen in 2023, 2020, and 2019. While officer compensation is zero, a detailed breakdown of program, administrative, and fundraising expenses is needed to fully assess spending efficiency and management.
What is the trend in Kalimba Foundation Nfp's assets and liabilities?
Assets have fluctuated, reaching a high of $279,561 in 2022 but dropping to $180,184 in 2023. Liabilities have shown a concerning upward trend, from $0 in 2018 to $307,013 in 2023, consistently exceeding assets in recent years.
Filing History
IRS 990 filing history for Kalimba Foundation Nfp showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Kalimba Foundation Nfp's revenue has declined by 29.4%, moving from $828K to $584K. Total functional expenses rose by 73.4%, from $414K to $718K. In its most recent filing year (2023), Kalimba Foundation Nfp reported a deficit of $134K, with expenses exceeding revenue. The organization holds $307K in liabilities against $180K in assets (debt-to-asset ratio: 170.4%), resulting in net assets of $-126,829.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $584K | $718K | $180K | $307K | — | View 990 |
| 2022 | $773K | $656K | $280K | $303K | — | View 990 |
| 2021 | $700K | $680K | $181K | $313K | — | View 990 |
| 2020 | $469K | $643K | $91K | $243K | — | View 990 |
| 2019 | $486K | $523K | $69K | $38K | — | View 990 |
| 2018 | $828K | $414K | $0 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $584K, expenses of $718K, and assets of $180K (revenue -24.4% year-over-year).
- 2022: Revenue of $773K, expenses of $656K, and assets of $280K (revenue +10.5% year-over-year).
- 2021: Revenue of $700K, expenses of $680K, and assets of $181K (revenue +49.1% year-over-year).
- 2020: Revenue of $469K, expenses of $643K, and assets of $91K (revenue -3.4% year-over-year).
- 2019: Revenue of $486K, expenses of $523K, and assets of $69K (revenue -41.4% year-over-year).
- 2018: Revenue of $828K, expenses of $414K, and assets of $0.
Data Sources and Methodology
This transparency report for Kalimba Foundation Nfp is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.